How the Fund works
The Global Property Securities Fund provides access to listed property investment opportunities from around the developed world through a single fund. The fund aims to generate medium to high returns over the long term by investing in global listed property securities, Real Estate Investment Trusts (REITs) and property securities companies in North America, Europe, Asia and Australia. AMP Capital Australia is the international investment manager of the fund.
How does the Fund meet your needs?
The fund invests in a global portfolio of listed property securities listed on stock exchanges in North America, Europe, Asia and Australia. It also focuses on property securities whose primary source of revenue is rental income. This means you have access to a broad range of property regions, sectors and securities which provide the potential for income and capital growth.
Access to global investment opportunities
The fund provides access to a range of property companies and sectors not available in the New Zealand listed property market. This provides you with further diversification and access to property investment opportunities that may otherwise be difficult for you to obtain.
Local specialists understand regional dynamics
You will benefit from the property securities skills of our investment specialists on the ground in Sydney, Hong Kong, London and Chicago, who provide insights into local trends and changing market conditions.
Currency risks managed through hedging
Movements in the foreign exchange rate have an impact on offshore investments. To help manage this risk, the Fund is fully hedged to the New Zealand dollar.
Fund facts as at 30 September 2020
|Product code||AIF GP|
|Type of fund||Managed Fund. This fund is a Portfolio Investment Entity (PIE)|
|Investment objective||To provide a Gross Return above the FTSE EPRA/ NAREIT Developed Total Return Index with net dividends reinvested, fully hedged to New Zealand dollars, on a rolling three year basis.|
|Investment approach||Investment is in a global portfolio of listed property securities in North America, Europe, Asia and Australasia. Greater diversification is achieved by accessing a range of property companies and sectors not available in the New Zealand listed property market. International investment specialists are able to capitalise on local knowledge and identify the best opportunities in each region. There is a focus on property securities whose primary source of revenue is rental income. Environmental, Social and Governance characteristics are integrated into the investment process. The fund targets a position of being fully hedged back to the New Zealand dollar.|
|Fund net value||$192.4 million|
|Product inception date||01 Oct 2007|
|Minimum suggested timeframe||5 years|
|Distribution frequency||Half yearly|
|Benchmark||FTSE EPRA/NAREIT Developed Total Return Index|
|Risk level (1-7)||6. High|
|Platform access||Aegis, FNZ and InvestNow|
Documents & Downloads
Important note: The unit prices displayed in this section are indicative only
Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices. During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. For more information on how AMP Capital can help you, please speak to your Financial Adviser or call us on 0800 400 499.
Important notes: Past Performance
Past performance is not a reliable indicator of future performance.
Our fund performance figures are shown before tax, before fees and assume that income is reinvested. Neither AMP Capital Investors (New Zealand) Limited nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return. Past performance is not a reliable indicator of future performance. Every effort has been made to ensure the accuracy of this information, however, AMP Capital (New Zealand) Limited nor any other company in the AMP Group gives any warranty of reliability, or accuracy, nor accepts any responsibility arising in any way from errors or omissions.
Product Disclosure Statements (PDSs) for the offer of the AMP Capital Investment Funds have been lodged with the Registrar of Financial Service Providers. The Property, Infrastructure and Commodities Funds PDS can be obtained from our website and from the Disclose website www.business.govt.nz/disclose. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations. You can seek advice from a financial advisor to help you make an investment decision. The Manager and the Issuer of the Fund is AMP Investment Management (NZ) Limited, Meridian Building, Level 1, Queens Wharf, Wellington.